Zaggle has announced the approval of granting 77,071 employee stock options under its Employee Stock Option Scheme 2022. The Nomination and Remuneration Committee/Compensation Committee made this decision on November 13, 2026. These options are convertible into equity shares of ₹1 face value each, with an exercise price of ₹130 per option. The exercise price represents a 25% discount to the closing market price on the day prior to the meeting.
Zaggle Approves ESOP Grant
Zaggle, through its Nomination and Remuneration Committee/Compensation Committee, has approved the grant of 77,071 stock options to eligible employees under the Zaggle Employee Stock Option Scheme 2022 (Zaggle ESOP 2022). This decision was made during a committee meeting held on Friday, November 13, 2026.
Scheme Details
The Zaggle ESOP 2022 scheme is in compliance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Each stock option granted is convertible into one fully paid-up equity share with a face value of ₹1. A total of 77,071 equity shares are covered by these granted options.
Pricing and Vesting Information
The exercise price for these options has been set at ₹130 per stock option. This price was determined as a 25% discount to the closing market price of the company’s shares on the day preceding the committee meeting, which was November 12, 2026. The options granted are subject to vesting terms and conditions as determined by the committee and outlined in individual grant letters. The exercise period typically spans from the first date of vesting until the expiry of ten years from the final tranche’s vesting, with specific provisions for events like resignation or death.
Administrative Details
The meeting of the Nomination and Remuneration Committee / Compensation Committee commenced at 12:15 PM (IST) and concluded at 12:32 PM (IST) on November 13, 2026. The company has submitted the relevant details in Annexure A as per regulatory requirements.
Source: BSE
